AMFE Elliot Wave
Updated
Newb'n it, learning those hard lessons.
Looks like AMFE could still be setting up for the next big Impulse Wave. Currently finishing up its Retracement Wave with Q3 and audited financials right around the corner.
My first attempt at calling the end of the wave was off by a few months and misinterpreted the (a) retracement leg as the complete (abc) retracement wave. Granted the fumbling of the Audit by AMFE leadership has prolonged this retracement wave but it looks like all the main structure of the (abc) retracement wave following the (12345) impulse wave is still in play.
I still believe, as I did in my initial attempt at charting this, that the chart is in the begging of a larger (longer term) impulse wave with leg 3 of 5 beginning at the end of current retracement.
Will continue to watch and learn. If there's anything I'm not seeing please share it with me.
Looks like AMFE could still be setting up for the next big Impulse Wave. Currently finishing up its Retracement Wave with Q3 and audited financials right around the corner.
My first attempt at calling the end of the wave was off by a few months and misinterpreted the (a) retracement leg as the complete (abc) retracement wave. Granted the fumbling of the Audit by AMFE leadership has prolonged this retracement wave but it looks like all the main structure of the (abc) retracement wave following the (12345) impulse wave is still in play.
I still believe, as I did in my initial attempt at charting this, that the chart is in the begging of a larger (longer term) impulse wave with leg 3 of 5 beginning at the end of current retracement.
Will continue to watch and learn. If there's anything I'm not seeing please share it with me.
Note
Looks like Retracement Leg (c) had a ways to go from initial post but other than that still looking good. Reversal may have started but only time will tell. Added to my position on the most recent dip at .0782, holding for a while as this one matures.GLTA
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